Three details to know:
1. LifeCare Hospitals of Wisconsin expects to close its doors June 23, citing irreparable losses caused by regulatory strains, declining reimbursement and shrinking volumes. It had 20 patients as of April 30.
2. The closure will put 171 LifeCare employees out of a job. LifeCare plans to provide severance and other resources to eligible employees.
3. Wauwatosa, Wis.-based Froedtert Health runs an outpatient surgery center on the 36-acre site, which it bought for $30.6 million in 2018. No additional plans for the property were disclosed, and Becker’s ASC Review was unable to reach the surgery center for comment.
More articles on transactions/valuation:
Dr. Kellen Jex joins Riverpark Medical Center — 3 insights
Capital Digestive Care reopening office — 3 insights
6 GI-focused ASCs, endoscopy centers opened or announced in March & April
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